All year market pricing for terminal rates in most countries has been a moving target and one directional - higher. Last week the Fed signaled a slower pace of rate hikes but a terminal value that was higher than their previous forecast. Where does this cycle end?
Participants:
- Jason Daw (Desk Strategy), Head of North America Rates Strategy
- Simon Deeley (Desk Strategy), Canada Rates Strategist
- Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics
- Daria Parkhomenko (Desk Strategy), FX Strategist
- Lori Calvasina (Research), Head of U.S. Equity Strategy
* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts